Potentially Bad News....

Kate Hudson and Lance Armstrong are an item! The pair have been privately seeing each other for a few weeks and now they're going public. IN AUSTIN!

INSIDE DISHIES in Austin, where Lancie lives, have DISHED that Lance and Kate had a romantic date together at Eddie V's restaurant Friday night.

AND as if that's not enough..Saturday, Lance took Kate out to Hula Hut (owned by a friend of DISH) AND…he brought along his kids. (May I tell you how damaging that can be to children???? Don't introduce them unless you are getting married! Nothing worse for kids than a parent with a swinging door!)

At any rate....Things must be getting serious!!!